From Doc 675:
While the general structure of the Plan remains intact and the treatment of claims and
interests will not change, certain issues have recently been presented to the Debtor which now require some changes to the details of the underlying deal structure of the Joint Plan. The Debtor is working through those details with all parties in interest; however, additional time is needed to finalize the changes and secure final approval from those parties. The Plan Proponents maintain that a brief continuance of the Confirmation Hearing is thus needed in order to obtain the approvals necessary to demonstrate feasibility of the Joint Plan.
4.
The Plan Proponents aver that the brief continuance requested will not result in prejudice
to any party, and will instead facilitate plan confirmation and distribution to creditors. 5.
Through counsel, both the FDIC-R and the Office of the United States Trustee have advised the Debtor that they have no objection to the relief sought herein.
WHEREFORE, the Debtor and Committee pray that this Court continue hearing on confirmation of the Joint Plan for a time convenient to this Court, but no less than 15 days from the current hearing date of August 7, 2019; and, for any such other relief deemed equitable and just.
AI
